Spoints A(3 Grades) On November 1, 2020, Sadiq Co borrowed 5400.000 for 90 days al by signing a note Assume that the face value of the nee equals the principal of the loan Required: (1) The needed adjusting journal entry on 31 Dec. 2020 (2) The Journal entry to record the payment of the note at maturity date B (2 Grades) Isa Town Co offers a two-year warranty on parts of equipments. In 2019 the company sales were 5350,000. Based on its past experience, the company ested the need way expense equal to 5% of its sales. During 2019, the company used $7.500 of parts inventory to repair the equipment Required: (1) prepare the journal entry to record ONLY the warranty liability in 2019, (2) How much is the amount of warranty libility on December 31, 2019 For the toolbar, press ALT FTO (PC) or ALT+FNF10 (Mac)